Wall Street analysts predict that Curtiss-Wright Co. (NYSE:CW – Get Rating) will announce earnings per share (EPS) of $1.67 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.59 and the highest estimate coming in at $1.72. Curtiss-Wright reported earnings of $1.56 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Curtiss-Wright will report full year earnings of $8.20 per share for the current year, with EPS estimates ranging from $8.14 to $8.25. For the next financial year, analysts expect that the firm will post earnings of $8.73 per share, with EPS estimates ranging from $8.60 to $8.92. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Curtiss-Wright.
Curtiss-Wright (NYSE:CW – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The company had revenue of $559.46 million for the quarter, compared to analyst estimates of $579.97 million. Curtiss-Wright had a return on equity of 15.35% and a net margin of 10.06%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 EPS.
Shares of CW traded up $1.06 during trading hours on Friday, hitting $144.49. The stock had a trading volume of 181,489 shares, compared to its average volume of 221,674. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.08 and a current ratio of 1.64. The firm has a market cap of $5.55 billion, a P/E ratio of 23.38 and a beta of 1.37. The company’s fifty day simple moving average is $147.08 and its 200 day simple moving average is $140.78. Curtiss-Wright has a 12-month low of $111.26 and a 12-month high of $162.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 17th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.53%. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.65%.
In other news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $145.00, for a total transaction of $362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO K Christopher Farkas sold 435 shares of Curtiss-Wright stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $144.66, for a total value of $62,927.10. The disclosure for this sale can be found here. Insiders have sold 16,799 shares of company stock valued at $2,531,790 over the last 90 days. Insiders own 0.62% of the company’s stock.
A number of large investors have recently bought and sold shares of CW. First Trust Advisors LP grew its stake in Curtiss-Wright by 8.7% in the first quarter. First Trust Advisors LP now owns 37,579 shares of the aerospace company’s stock worth $4,259,000 after purchasing an additional 3,011 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Curtiss-Wright by 15.5% in the 2nd quarter. Morgan Stanley now owns 107,753 shares of the aerospace company’s stock worth $12,797,000 after purchasing an additional 14,423 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Curtiss-Wright by 3.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 4,541 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 150 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Curtiss-Wright by 2.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 138,470 shares of the aerospace company’s stock valued at $17,472,000 after purchasing an additional 3,063 shares during the period. Finally, US Bancorp DE grew its stake in Curtiss-Wright by 2.2% during the 3rd quarter. US Bancorp DE now owns 4,823 shares of the aerospace company’s stock worth $609,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.
Curtiss-Wright Company Profile (Get Rating)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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